Cayman Islands:
Grants Of Probate, Letters Of Administration And Resealing Foreign Grants
16 September 2016
Walkers
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When a deceased individual has died holding Cayman Islands
assets in their individual name, such as shares in a Cayman Islands
company, the Succession Law (2006 Revision) of the Cayman Islands
provides that no person shall take possession of or in any manner
administer any part of the estate of a deceased person without
first obtaining a grant of representation of the estate of such
deceased person in the Grand Court of the Cayman Islands. Once
obtained, such grant of representation appoints a personal
representative in the Cayman Islands who may then administer the
estate of such deceased person and, for example, in the case of
shares in a Cayman Islands company, validly transmit the deceased
shareholder's shares to those persons entitled under the
deceased's will or intestacy. This memorandum sets out below
the basic procedure and costs involved with obtaining a grant of
representation in the Cayman Islands.
Click to view memo
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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